IRS NOTICE REFERENCE
Understanding Your CP286 Notice
We approved your Form 8716, Election To Have a Tax Year Other Than a Required Tax Year PDF .
General information only. Not legal or tax advice.
Notice details
- Notice code
- CP286
- Category
- Account and informational
- Severity tier
- Tier 1 — Routine. Informational or administrative notice; no response typically required.
- Source
- IRS.gov — Understanding Your IRS Notice
What this notice is
We approved your Form 8716, Election To Have a Tax Year Other Than a Required Tax Year PDF .
Source: IRS.gov. Reproduced for reference. General information — not legal or tax advice.
What the IRS says to do
File your annual business income tax returns ( Form 1065, U.S. Return of Partnership Income PDF or Form 1120-S, U.S. Corporation Income Tax Return PDF ) on time for the approved fiscal tax year. Include a copy of your approved Form 8716 with your Form 1065 or Form 1120-S for the first tax year after the election is made. File Form 8752, Required Payment or Refund Under Section 7519 PDF , annually by May 15. Make all Form 8752 payments on time.
This is the IRS’s own guidance reproduced from the IRS notice page. It describes the IRS’s process — it is not legal or tax advice from TaxRiskOS.
Official IRS reference
Read the official notice page on IRS.gov: https://www.irs.gov/individuals/understanding-your-cp286-notice
Related tools
TaxRiskOS is workflow software for practitioners — it captures the notice, computes the deadline, surfaces the escalation tier, and builds a document checklist. It documents process; it does not give advice or draft responses.
Check this notice’s deadline (free tool)